TORONTO, Oct. 6, 2016 /CNW/ - Tier One Capital Limited Partnership ("Tier One") (CSE:TLP.UN) is pleased to announce the approval of its fourth quarter 2016 distribution. Tier One will make a distribution of $0.125 per unit on October 28, 2016. The record date for the distribution will be October 18, 2016.

About Tier One Capital Limited Partnership

Tier One Capital Limited Partnership is a listed innovative specialty finance LP committed to providing Limited Partners with access to attractive yields. Tier One Capital focuses on providing rapidly growing Canadian companies with the working capital needed to execute their growth strategies and acquisition plans. Its primary focus is on companies with recurring or predictable revenue, with high gross margins. Tier One Capital's credit review criteria identifies opportunities that offer multiple avenues for repayment of principal, be it from operational cash flow, cash flow from tax credits or government grants or a sale of the business or other liquidity event. Tier One Capital is the lender of choice for entrepreneurs looking for growth capital financing in Canada.